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EUR/USD: (1.4545) Retesting Flag Top

KBC Market Research Desk from KBC Bank at 01/14/10


Rebound off 1.4218 retesting Flag top (see graph) and daily Long Term Moving Average↓ + daily Bollinger top (1.4540), with pair having reapproached the neckline of a daily Double Top off (1.4626).
Support area at 1.4493 (daily Short Term Moving Average↑), with next levels at 1.4472/ .4464 (reaction low hourly/ daily envelope bottom), ahead of 1.4327 (break-up hourly).
1.4393/ .4382 (broken weekly Short Term Moving Average↓/ daily Bollinger midline): ideal area to stay above to keep current better mood on €.
Resistance at 1.4580 (current week high), with next levels at 1.4605 (daily envelope top), ahead of 1.4618/ .4626 (daily projection band top/ see above): tough on 1st attempts.

USD/JPY: (91.73) Drop from 93.78 retested 90.78

EUR/GBP: (.8928) Failed to extend above Triangle pattern

EUR/JPY: (133.53) Drop from 134.37 retested 131.60

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